Alkylate Market

Industry Overview

In the forecast period of 2025 to 2030, the Global Alkylate Market is projected to expand at a CAGR of 3.1%, reaching USD 98.08 billion by 2030, up from USD 83.65 billion in 2023.

Over the projected period, the global alkylate demand is expected to be hampered by the rise of electric cars and renewable fuels. The global alkylate industry, on the other hand, is expected to be driven by a rise in demand for alkylate as additives in fuel and agrochemical formulations over the next decade, as alkylate is widely used in the manufacture of fuel, lubricants, solvents, and agrochemicals. For the manufacture of refining materials, the market for alkylate has been increasing. This is expected to drive the alkylate market during the forecast era, as alkylates are commonly used in the refining industry for fuel production due to their high-octane content, which is achieved by transforming low molecular weight alkenes into alkylates in the presence of sulfuric or hydrofluoric acid.

Alkylates are used as gasoline additives to achieve high octane and low vapor pressure. Light olefins (such as butylene) are primarily processed into high-quality gasoline blend stock by reacting them with isobutene in alkylate processing. The global market for high-efficiency fuel in the automobile industry is expected to increase alkylate demand. During the forecast era, this trend is expected to propel the global alkylate demand.

Global Alkylate Market - Impact due to COVID-19

Since December 2019, the COVID-19 pandemic has had a major global effect. According to a WHO survey, the United States, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the United Kingdom, Germany, and Mexico are among the countries most affected by COVID-19. The pandemic is stifling global economic activity, and it is expected to continue in 2021. Manufacturing, construction, automobiles, textiles, plastics, cosmetics, tourism, hotels, consumer products, shipping, IT and telecom, pharmaceutical, and other sectors are all affected by the epidemic. This causes many bottlenecks in the raw material supply chain for packaging, resulting in demand-supply differences. The global alkylate market is expected to be significantly impacted by this scenario.

Market Segmentation

Insight by Production Process Type

On the basis of production process, the global alkylation market is classified into sulfuric acid alkylation, hydrofluoric acid alkylation, and others.

Insight by Application Type

Based on end-user type, the Global Alkylate Market is segregated into Solvents, Surfactants & Synthetic Sulfonates, Specialty Lubricants, Functional Fluids, Additives and Others.

Global Alkylate Market Report Coverage

By Region

•    North America
•    Europe
•    Asia-Pacific (APAC)
•    Rest of the World

China is the world's fastest-growing alkylate industry in Asia Pacific and is expected to maintain its lead over the projected era. The country's market is being bolstered by demand from advanced automotive and aviation industries.

Market Trends

The demand for alkylate has been rising for the manufacture of refinery products. This is likely to drive the alkylate market during the forecast period, as alkylate is widely employed in the refinery industry for fuel production because of its high-octane value that is attained by converting low molecular weight alkenes into alkylates in the presence of sulfuric or hydrofluoric acid. The usage of alkylates as additives in fuel allows high octane and low vapor pressure. Mainly, in alkylate production, light olefins (such as butylene) is converted into high-quality gasoline blendstock by reacting it with isobutene. The rise in demand for highly efficient gasoline in the automotive sector globally is projected to boost the demand for alkylate. This factor is likely to propel the global alkylate market during the forecast period.

Market Drivers

The Alkylate Market is being driven by an increase in demand for alkylate as a fuel additive. Alkylate is becoming more widely used in the automotive industry, especially in developed and emerging economies such as the United States and the United Kingdom, as well as India and Japan. The rise in the number of electric vehicles, as well as increased government initiatives in developing markets such as India to promote foreign investment in the local automotive industry, can be attributed to the industry's growth.

Over the next few years, the global automobile market, which includes passenger cars, buses, trucks, and heavy-duty vehicles, is expected to grow at a CAGR of 3.8%. Since 2015, the production of automobiles has risen by 15%. The passenger car market is expected to fuel the global automotive industry, owing to rising customer disposable income. Over the projected timeframe, however, the industry is expected to be hampered by rising environmental issues and emissions.

Alkylate is widely used in the addition of high-octane hydrocarbons to main fuels (including gasoline). Internal combustion engines use gasoline (petrol) as a fuel. The market for alkylate is expected to rise as demand for high-efficiency fuel grows in the automobile industry around the world. As a result, the global alkylate demand is expected to grow during the forecast period.

Opportunities

Increase in Usage of Alkylate in Agrochemical Formulation to Boost Alkylate Market

•    Agrochemicals are organic compounds used in fertile farmlands to make up for nitrogen deficiencies in fields or crops. They also help crops flourish by removing pests that are detrimental to them. Agrochemicals help farmers increase the quantity and quality of their produce. They are used in horticulture, dairy farming, poultry, grain farming, shifting agriculture, and commercial plantations, among other agricultural areas.
•    As crop infestations have become more common, modern farming practices have become more reliant on agrochemicals. Alkylate is used for sulfonation of agrochemicals such as fertilizers, fungicides, pesticides, herbicides, and insecticides, and as the agrochemical sector expands, so does the market for alkylate.
•    The agrochemicals industry is expected to benefit from increased demand for crop defense chemicals such as fertilizers, fungicides, pesticides, herbicides, and insecticides. As a result, the global alkylate demand is expected to grow during the forecast period.

Challenges

The alkylation process involves high-cost regeneration. Alkylation reactions are prone to carbocation rearrangements. The entire process cycles for sulfuric acid alkylation, hydrofluoric acid alkylation, and others are complex and require expensive laboratory setups.

During the COVID-19 epidemic, the New York Harbor was less thirsty for alkylate pouring from India's Reliance refinery. The growth of the Indian alkylate industry is being hampered by such trends. The pandemic has slashed demand for premium oil, resulting in a price decrease for alkylate and a tightening of the octane spread. The growth of the alkylate industry is being hampered by excess production and thin blending margins for premium RBOB (Reformulated Gasoline Blendstock for Oxygen Blending).

During the height of the coronavirus epidemic in April, suppliers were storing surplus alkylate with the intention of keeping it there until summer 2021. Furthermore, refineries have been operating in a phased fashion, resulting in a slowdown in alkylate flows. As a result, mass vaccination of COVID-19 vaccinations and careful financial preparation of company practices are expected to boost demand growth in the third and fourth quarters of 2021.

Key Market Players

•    Reliance
•    Marathon Petroleum
•    ExxonMobil
•    LUKOIL
•    Valero
•    Shell
•    Chevron Corporation
•    Honeywell
•    Janex SA.
•    Neste
•    Soltex Inc.
•    Hengyi
•    Sinopec
•    Koch-Glitsch
•    McDermott

The Alkylate Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Application Type
  • Solvents
  • Surfactants & Synthetic Sulfonates 
  • Specialty Lubricants
  • Functional Fluids
  • Additives
  • Others
• Product Process Type
  • Sulfuric Acid Alkylation
  • Hydrofluoric Acid Alkylation
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East and Africa (MEA)
  • South America

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Application Type
                1.2.2.    By Production Process Type
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Application Type

                5.1.1.    Solvents
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2030
                5.1.2.    Surfactants & Synthetic Sulfonates
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030
                5.1.3.    Specialty Lubricants
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2030
                5.1.4.    Functional Fluids
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2030
                5.1.5.    Additives
                        5.1.5.1.    Market Definition
                        5.1.5.2.    Market Estimation and Forecast to 2030
                5.1.6.    Other
                        5.1.6.1.    Market Definition
                        5.1.6.2.    Market Estimation and Forecast to 2030

        5.2.    By Production Process Type

                5.2.1.    Sulfuric Acid Alkylation
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Hydrofluoric Acid Alkylation
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030
                5.2.3.    Others
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2030

        5.3.    By Region

                5.5.1.    North America
                        5.5.1.1.    Market Definition
                        5.5.1.2.    Market Estimation and Forecast to 2030
                5.5.2.    Europe
                        5.5.2.1.    Market Definition
                        5.5.2.2.    Market Estimation and Forecast to 2030
                5.5.3.    Asia Pacific
                        5.5.3.1.    Market Definition
                        5.5.3.2.    Market Estimation and Forecast to 2030
                5.5.4.    Rest of the World
                        5.5.4.1.    Market Definition
                        5.5.4.2.    Market Estimation and Forecast to 2030
 
6.    North America Market Estimate and Forecast

        6.1.    By Application Type
        6.2.    By Production Process Type
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Application Type
        7.2.    By Production Process Type
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Application Type
        8.2.    By Production Process Type
        8.3.    By Country
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Application Type
        9.2.    By Production Process Type
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Reliance
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Marathon Petroleum 
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Exxonmobil
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    LUKOIL
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Valero
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Shell
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Chevron Corporation
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Honeywell
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Janex SA.
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.   Neste
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.    Soltex Inc.
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.    Hengyi 
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.    Sinopec
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.    Koch-Glitsch
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments
        10.15.    McDermott
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Alkylate Market Size, by Application Type, 2018 – 2023 (USD Billion)
Table 5 Global Alkylate Market Size, by Application Type, 2025 – 2030 (USD Billion)
Table 6 Global Alkylate Market Size, by Production Process Type, 2018 – 2023 (USD Billion)
Table 7 Global Alkylate Market Size, by Production Process Type, 2025 – 2030 (USD Billion)
Table 8 Global Alkylate Market Size, by Region, 2018 – 2023 (USD Billion)
Table 9 Global Alkylate Market Size, by Region, 2025 – 2030 (USD Billion)
Table 10 North America Global Alkylate Market Size, by Application Type, 2018 – 2023 (USD Billion) Sepsis Treatment
Table 11 North America Global Alkylate Market Size, by Application Type, 2025 – 2030 (USD Billion)
Table 12 North America Global Alkylate Market Size, by Production Process Type, 2018 – 2023 (USD Billion)
Table 13 North America Global Alkylate Market Size, by Production Process Type, 2025 – 2030 (USD Billion)
Table 14 North America Global Alkylate Market Size, by Region, 2018 – 2023 (USD Billion)
Table 15 North America Global Alkylate Market Size, by Region, 2025 – 2030 (USD Billion)
Table 16 Europe Global Alkylate Market Size, by Application Type, 2018 – 2023 (USD Billion) Sepsis Treatment
Table 17 Europe Global Alkylate Market Size, by Application Type, 2025 – 2030 (USD Billion)
Table 18 Europe Global Alkylate Market Size, by Production Process Type, 2018 – 2023 (USD Billion)
Table 19 Europe Global Alkylate Market Size, by Production Process Type, 2025 – 2030 (USD Billion)
Table 20 Europe Global Alkylate Market Size, by Region, 2018 – 2023 (USD Billion)
Table 21 Europe Global Alkylate Market Size, by Region, 2025 – 2030 (USD Billion)
Table 22 Asia-Pacific Global Alkylate Market Size, by Application Type, 2018 – 2023 (USD Billion) Sepsis Treatment
Table 23 Asia-Pacific Global Alkylate Market Size, by Application Type, 2025 – 2030 (USD Billion)
Table 24 Asia-Pacific Global Alkylate Market Size, by Production Process Type, 2018 – 2023 (USD Billion)
Table 25 Asia-Pacific Global Alkylate Market Size, by Production Process Type, 2025 – 2030 (USD Billion)
Table 26 Asia-Pacific Global Alkylate Market Size, by Region, 2018 – 2023 (USD Billion)
Table 27 Asia-Pacific Global Alkylate Market Size, by Region, 2025 – 2030 (USD Billion)
Table 28 RoW Global Alkylate Market Size, by Application Type, 2018 – 2023 (USD Billion) Sepsis Treatment
Table 29 RoW Global Alkylate Market Size, by Application Type, 2025 – 2030 (USD Billion)
Table 30 RoW Global Alkylate Market Size, by Production Process Type, 2018 – 2023 (USD Billion)
Table 31 RoW Global Alkylate Market Size, by Production Process Type, 2025 – 2030 (USD Billion)
Table 32 RoW Global Alkylate Market Size, by Region, 2018 – 2023 (USD Billion)
Table 33 RoW Global Alkylate Market Size, by Region, 2025 – 2030 (USD Billion)
Table 34 Snapshot – Reliance
Table 35 Snapshot – Marathon Petroleum
Table 36 Snapshot – Exxonmobil
Table 37 Snapshot – LUKOIL
Table 38 Snapshot – Valero
Table 39 Snapshot – Shell 
Table 40 Snapshot – Chevron Corporation
Table 41 Snapshot – Honeywell
Table 42 Snapshot – Janex SA.
Table 43 Snapshot – Neste
Table 44 Snapshot – Soltex Inc.
Table 45 Snapshot – Hengyi
Table 46 Snapshot – Sinopec
Table 47 Snapshot – Koch-Glitsch
Table 48 Snapshot – McDermott

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Alkylate Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Alkylate Market Highlight
Figure 12 Global Alkylate Market Size, by Application Type, 2018 - 2030 (USD Billion)
Figure 13 Global Alkylate Market Size, by Production Process Type, 2018 - 2030 (USD Billion)
Figure 14 Global Alkylate Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Alkylate Market Highlight
Figure 16 North America Alkylate Market Size, by Application Type, 2018 - 2030 (USD Billion)
Figure 17 North America Alkylate Market Size, by Production Process Type, 2018 - 2030 (USD Billion)
Figure 18 North America Alkylate Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Alkylate Market Highlight
Figure 20 Europe Alkylate Market Size, by Application Type, 2018 - 2030 (USD Billion)
Figure 21 Europe Alkylate Market Size, by Production Process Type, 2018 - 2030 (USD Billion)
Figure 22 Europe Alkylate Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Alkylate Market Highlight
Figure 24 Asia-Pacific Alkylate Market Size, by Application Type, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Alkylate Market Size, by Production Process Type, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Alkylate Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Alkylate Market Highlight
Figure 28 RoW Alkylate Market Size, by Application Type, 2018 - 2030 (USD Billion)
Figure 29 RoW Alkylate Market Size, by Production Process Type, 2018 - 2030 (USD Billion)
Figure 30 RoW Alkylate Treatment Market Size, by Region, 2018 - 2030 (USD Billion)